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“Business constitution”: what is not legally forbidden, is permitted

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Deputy Prime Minister, Minister of Finance and Development Mateusz Morawiecki presented “Constitution for business” at Congress 590 in Rzeszów. The key assumptions of the document are to facilitate running a business in Poland. PiS government is suggesting numerous practical support solutions that should make entrepreneurs happy.   Operations on the smallest scale without mandatory registration, 6 months without social insurance contributions for new companies and numerous tax simpli Read more

Special rights for companies important for the defence

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The Ministry of National Defence prepared a new bill on organising defence tasks executed by entrepreneurs and the programme of economy mobilisation imposing new obligations for companies important for the defence, in return for, among other things, a 10% tax credit on input CIT.   The Ministry wants the new regulations to replace the 15-year old act on organising national defence tasks realised by entrepreneurs. The norms regarding the programme of economy mobilisation (PMG) have been ex Read more

Retirement age reform passed through the Sejm

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Bringing the retirement age in Poland down was a promise made in the last general elections campaign. Despite the warnings of numerous experts, who call the move unreasonable, the government is dedicated to keep the word and pass the reform through the Parliament. 262 MPs voted in favour of the bill, 149 voted against it, 19 abstained from the vote.   For many years, the retirement threshold for Polish men was 65 and for Polish women 60. The reform of Donald Tusk’s government increased Read more

EU – Canada trade agreement signed

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European Union and Canada signed the Comprehensive Economic and Trade Agreement, or CETA. It will remove approximately 99 percent of customs duties in trade between the parties, most of non-tariff barriers and liberalise trade in services.   The document was signed by the Prime Minister of Canada Justin Trudeau, President of the European Council Donald Tusk, President of the European Commission Jean-Claude Juncker and the Prime Minister of Slovakia, currently holding the presidency of the Read more

Ministry of State Treasury to be dissolved

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Polish Prime Minister Beata Szydło has some big plans regarding the Ministry of State Treasury. It will cease to exist. The number of ministries will go one step down. The government, and the ministry itself, are working on suitable legal provisions, mostly touching on supervision issues.   The ministry in question is responsible for Poland’s national assets, for example business entities in which the Polish state is a majority shareholder (on the only shareholder). State Treasury comp Read more

Poles do not save money for retirement

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Eurostat data confirm what experts have been noticing for a long time: Poles are not good at saving money. In comparison with other European nations, an average Polish citizen does not have much assets saved for retirement or other purposes. The situation is worrying.   EU’s statistical office presented gross saving rate of European households, i.e. the value of gross savings divided by the value of gross disposable income. The numbers place Poland almost at the bottom of the list of mo Read more
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